Money growth and velocity with structural breaks evidence from the Philippines
This paper aims to test the Friedmanite proposal on the link between the velocity of money demand and money growth. We base our work on the Philippines as its monetary policy has been subject to sharp swings since the 1980s. We use a method that takes into account possible structural breaks in the v...
| Published in: | Philippine Management Review Vol. 18, no. Special issue (2011), 71-81 |
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| Format: | Article |
| Language: | English |
| Published: |
2011
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| Subjects: |